Hi there,
I apologise if this is more appropriate for the daily discussion thread, but I figured many of us would be interested and benefit from a direct discussion about this topic.
I am only in my 20s, but I’m married and have a little baby. I’ve never been involved in investing in stocks/bonds/gold etc. because I always felt like it was a bit like gambling. I preferred to keep my hard-earned money in a simple checking account or in a safe. Not to mention, what happened in 2008 made any trust I had in those systems completely disappear.
Now I feel for the first time in my life that I ‘know’ something will happen on a global scale (apart from the Lord returning for us) and with all this talk of going back to the gold standard, decentralised banking etc. I was wondering if some more financially-minded brothers could share some investment (or divestment) advice regarding what to do with our money over the next couple of months?
I understand that it is still not certain what will happen, but I feel like there must be at least certain principles to stick to or general advice. But I will definitely also welcome specific advice or ideas!
Should I buy as much gold as I can? Should I try to ‘short’ companies that I predict will go under as a result of this (media companies, Chinese-owned US companies etc.)?
Thanks so much in advance,
- a little tadpole in a lake full of alligators
Puts will have expirations, and the further into the future your put expires, the more the market will need to drop for you to make a return. They are risky and most often used as hedges or as part of a larger strategy. Shorting requires a margin account and you will need to pay interest on the shares you borrow to short. Despite some of the biggest events in history the market has continuously climbed upward, betting against it is not easy. For example Gamestop right now(GME) by all logic should be failing. Large investors have tried to short and are burning right now. “the markets can remain irrational longer than you can remain solvent.” Interest rates remain extremely low, the fed has been continuing to support the market, this leaves people with little option in how to use money besides the market. Electric vehicle companies are sprouting up everywhere and receiving insane evaluations. If you see Biden ultimately not being in office, shorting or buying puts on the EV bubble could be profitable. My money has mostly been and still is in start up companies (IPO/SPAC) and tech like AMD and NVDA. These tend to move on their own and do not follow the general market as much as some bigger name companies. NPA is a IPO/SPAC company looking to provide 4g/5g service globally via satelite. You can buy stock or warrants in this company. Their selling point is they will be selling service direct to telecoms and will work 100%compatible with existing phones. All investments carry risk. Be careful, good luck.
^^^ This guy knows what's up. Make sure you hedge your investments